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Operating Lease Liabilities | 12 Months Ended
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Mar. 31, 2025
Operating Lease Liabilities [Abstract] |
OPERATING LEASE LIABILITIES | Note 18 — OPERATING LEASE LIABILITIES The Company entered into various non-cancellable operating lease agreements for certain leasehold properties. The Company determines if an arrangement is a lease, or contains a lease, at inception and record the lease in the financial statements upon lease commencement, which is the date when the underlying asset is made available for use by the lessor. The lease terms may include one or more options to extend the lease terms, for periods from one to three years, when it is reasonably certain that the Company will exercise that option. As of March 31, 2025, the options to extend the leases were recognized as ROU assets — operating leases and operating lease liabilities on the consolidated balance sheets. The Company has elected not to present short-term leases on the consolidated balance sheets as these leases have a lease term of 12 months or less at lease inception. Future operating lease payments, excluding short-term leases, as of March 31, 2024 and 2025, are detailed as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
Operating leases |  | S$ |  |  | S$ |  |  | US$ |
2025 |  |  | 1,486,401 |  |  |  | — |  |  |  | — |
2026 |  |  | 1,486,401 |  |  |  | 1,560,506 |  |  |  | 1,160,659 |
2027 |  |  | 923,744 |  |  |  | 1,286,161 |  |  |  | 956,609 |
2028 |  |  | 507,605 |  |  |  | 1,001,379 |  |  |  | 744,796 |
2029 |  |  | 362,903 |  |  |  | 632,677 |  |  |  | 470,567 |
2030 |  |  | — |  |  |  | 397,773 |  |  |  | 295,852 |
Thereafter |  |  | 690,000 |  |  |  | 502,591 |  |  |  | 373,813 |
Total future lease payment |  |  | 5,457,054 |  |  |  | 5,381,087 |  |  |  | 4,002,296 |
Less: Imputed interest |  |  | (729,781 | ) |  |  | (719,672 | ) |  |  | (535,271 | )
Present value of operating lease liabilities |  |  | 4,727,273 |  |  |  | 4,661,415 |  |  |  | 3,467,025 |
Less: Current portion |  |  | (1,240,129 | ) |  |  | (1,298,058 | ) |  |  | (965,458 | )
Long-term portion of lease liabilities |  |  | 3,487,144 |  |  |  | 3,363,357 |  |  |  | 2,501,567 |
The following table shows the weighted-average lease terms and discount rates for operating leases:
|  | 2024 |  |  | 2025 |
Weighted average remaining lease term (Years) |  |  |  |  |  |
Operating leases |  |  | 4 |  |  |  | 3 |
Weighted average discount rate (%) |  |  |  |  |  |  |  |
Operating leases |  |  | 5 | % |  |  | 6 | %

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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